Comparison Tastyworks vs Zacks Trade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Tastyworks vs Zacks Trade. Which of them: Tastyworks or Zacks Trade a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Tastyworks has a commission fee of $0, and Zacks Trade has a commission fee of $0.01 per share with $1 minimum or 1% of trade value if <$1 per share. Let’s analyze the commission fees on trading options. Tastyworks has a commission fee of $1, Zacks Trade has a commission fee of $1 for First Contract + $0.75 per additional. You can read more detailed information on commission fees in the online broker reviews.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Futures Trading are provided to customers by Tastyworks and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided by Zacks Trade. Concerning the platforms, Tastyworks uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Zacks Trade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Tastyworks was founded in 2017 in United States, and it is regulated by FINRA, NFA and SIPC. And Zacks Trade was founded in Original company 1978, online brokerage 2008 in United States, and it is regulated by SEC, FINRA, SIPC. We can withdraw funds from Tastyworks with the help of Bank Wire, and its withdrawal fee is $25-45. And Zacks Trade provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is 1 withdrawal free monthly. The time for withdrawal in Tastyworks is 3 business days, and that one in Zacks Trade is 4-7 working days.
Overall, Tastyworks boasts 4 stars versus Zacks Trade 4 stars.